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Short-term Bank Loans (Tables)
9 Months Ended
Sep. 30, 2013
Short-Term Bank Loans Tables  
Short-term Bank Loans

Short-term bank loans consist of the following loans collateralized by assets of the Company:

    September 30, 2013     December 31, 2012  
             
Loan payable to Huludao Bank, Suizhong branch due on June 28, 2013, bearing interest at 9.465% per annum, collateralized by the buildings, machinery and land usage rights of Huludao Wonder.  This loan is currently in default.  The Company is negotiating the renewal of the loan with the bank.   $ 5,416,395     $ 5,297,907  
                 
Loan payable to Bank of Chongqing, Xi'an branch due on March 20, 2013, bearing interest at 8.528% per annum, collateralized by the buildings and land usage rights of SkyPeople (China). This loan was paid off on March 25, 2013.     -       3,181,927  
                 
Loan payable to China Construction Bank due on May 15, 2013, bearing interest at 6.56% per annum, collateralized by the buildings and machinery of SkyPeople (China) This loan was paid off on May 15, 2013.     -       2,386,445  
                 
Loan payable to China Construction Bank due on May 19, 2014, bearing interest at 6% per annum, collateralized by the buildings of SkyPeople (China)     2,130,774       -  
                 
Loan payable to Bank of Xi'an due on May 22, 2013, bearing interest at 8.528% per annum, guaranteed by a third party Shaanxi Bo Ai Medical Science & Technology Development Co., Ltd. This loan was paid off on May 29, 2013.     -       795,482  
                 
Loan payable to Bank of Xi'an due on June 17, 2014, bearing interest at 7.8% per annum, guaranteed by a third party Shaanxi Bo Ai Medical Science & Technology Development Co., Ltd.     1,626,545       -  
                 
Loan payable to Shanghai Pudong Development Bank due on April 6, 2014, bearing interest at 6.6% per annum, collateralized by the buildings of SkyPeople (China)     4,879,636       -  
                 
Loan payable to Bank of Beijing due on July 1, 2014, bearing interest at 7.8% per annum, collateralized by the buildings of a third party, Shaanxi Bo Ai Medical Science & Technology Development Co., Ltd.     4,879,636       -  
                 
    $ 18,932,986     $ 11,661,761